As Binance continues to be surrounded by FUD, here’s what the CryptoQuant head thinks regarding the possibility of a bank run.
Can Cryptocurrency Exchange Binance Go The Way Of FTX?
In a new post on X (formerly Twitter), Julio Moreno, the Head of Research at the on-chain analytics firm CryptoQaunt, has talked about whether Binance is experiencing a bank run or not.
Binance has been a hot topic in the news lately, as the platform has been under regulatory fire from the US Securities and Exchange Commission (SEC), with the latest development being that an action from the Department of Justice (DOJ) may be imminent.
There were also earlier rumors that the exchange had been involved in a Bitcoin selloff, in order to prop up the value of its native token, BNB, after the market had gone through a crash. Changpang Zhao (CZ), the platform’s CEO, however, has shot down these allegations.
Amid these events, there has been growing concern in the market about the exchange’s future and whethe
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